Fiscal Affairs Committee annual report, 2011-2012
Chairman Kattesh V. Katti
Worked with Chris Fender in selecting the full slate of members for the MU Faculty Advisory Committee on IPLU. The following members have been selected from various schools and divisions for participation as members of MU's IPLU approved by their respective deans:
Engineering & Physical Sciences IPLU Subcommittee
- Mark Prelas – Graduate School (NSEI)
- Peter Pfeifer – Arts & Sciences (Physics)
- Dave Robertson – Arts & Sciences (Chemistry)
- Tom Clevenger – Engineering (Civil Eng.)
- Randy Curry – Engineering (Electrical)
Health Sciences IPLU Subcommittee
- Raghuraman Kannan – School of Medicine (Radiology)
- Paul Dale – School of Medicine (Surgical Oncology)
- Karl Kochendorfer – School of Medicine (Family & Community Medicine)
- Carla Allen – School of Health Related Professions
- Gregory Alexander – School of Nursing
Ag & Life Sciences IPLU Subcommittee
- John Walker – Arts & Sciences (Biological Sciences)
- Chris Hardin – Human Environmental Sciences (Nutrition & Exercise Physiology)
- Chris Lorson – Veterinary Medicine (Veterinary Pathobiology)
- Wade Welshons – Veterinary Medicine (Biomedical Sciences)
- Jerry Taylor – CAFNR (Animal Science)
- Jim English – CAFNR (Plant Science)
Progress in Online Educational Programs:
We are forging ahead with strategies for increased revenue generation through 'Online' programs. Our committee is in the midst of streamlining the 'Online' programs so that more MU faculty will participate in this revenue generating enterprise for MU.
Met with the deans of Medicine, Engineering, A&S, and Business schools. A unanimous concern is that MU should come up with a transparent and an attractive revenue sharing model so that faculty from various schools would value their participation in the online program.
- Fiscal affairs committee should develop a flow chart that outlines steps to initiate, seek approval and implement online educational programs;
- Overall goal in 2012-2013 should focus on increaseing revenue by developing new educational programs, including certificate programs—all offered through 'Online' and limited on site approaches."
- Task force should be set up to look into new initiative on 'Out of the Box' innovative approaches that may involve a combination of Online programs with built-in-limited on-site opportunities for prospective students. This would be of particular significance in offering certificate programs at the MS level in the interdisciplinary areas such as MS in Bio Nanotechnology with emphasis in Nanomedicine, MS in Pharmaceutical, Nanomedical Sciences and Biological Engineering fields.
- In 2012-2013, globalization of MU's online educational enterprise should be carefully studied to leverage expertise of our faculty and infrastructure, in offering online formal educational programs to aspiring students from various countries in order to create a sustainable new revenue stream for MU. As we embark on full scale online educational programs, there will be renewed interest for developing new technological tools for the effective implementation of online educational objectives. This would be another area of growth in the future";
- "We must recognize that the supply-demand ratio is heavily tilted in favor of the American educational system, and in favor of MU, as thousands of students from other countries are always looking for quality educational programs in medicine, engineering, arts, humanities, journalism and various interdisciplinary science fields.
- New technology-based Strategic expansion of our online educational programs will therefore result in a sustainable revenue model for MU by offering online educational programs at the national and international levels across the globe".